South Korea’s Daesan MMA delays restart at PMMA plant to 5 September

02 September 2011 08:08[Source: ICIS news]

SINGAPORE (ICIS)--?xml:namespace>South Korea’s Daesan MMA has delayed the restart at its 50,000 tonne/year polymethyl methacrylate (PMMA) plant in Yeosu to 5 September, five days later than originally scheduled, a company source said on Friday.

The company was expected to restart the plant in late August after shutting it on 12 August for a two-week turnaround.

Many PMMA makers in Asia are planning or have already reduced the operating rates at their plants by 20-30% because of weak demand, particularly in the flat-screen television manufacturing sector.

However, Daesan MMA is not planning to reduce the operating ratio at its PMMA plant in the near term as the producer needs to run the unit at 100% capacity in order to build its inventories, the source added without elaborating further.

Daesan MMA is a joint venture between Japan’s Mitsubishi Rayon and South Korea’s Honam Petrochemical.